Documents Required for Loans by the Banks

 Term Loan

1. Audited Financial Statement of last 3 years along with Income Tax Return Acknowledgement.
2. Provisional Balance Sheet for the current year.
3. Projection of Sales , Purchase, Stock & Raw Material Consumption for the next 5 years.
4. Quotation of Machinery to be purchased.
5. Installed Capacity, Licensed Capacity - existing & proposed, Envisaged Capacity Utilisation.
6. Details of Raw Material requirement, calculation, how desired ?Source of supply and supply position. Cost of raw material supported by current quotation.
7. Catalogue / Brochure of Machine.
8. Maintenance arrangement & costs thereof.
9. Project implement schedule.
10. Cost already incurred.
11. Sources of such expenditure.

Housing Loan

1. Financial Statement of last 3 years along with Income Tax Return Acknowledgement.
2. Provisional Balance Sheet for the Current Year.
3. Copy of Pay Slip and Form No. 16.
4. Agreement of Sale of House Property to be purchased.
5. Copy of Last Municipal Tax Paid Receipt.
6. Copy of Sanctioned Plan.
7. Receipt of Advance Money Paid to Promoter/Seller.
8. Collateral Security Offered.

Car Loan

1. Financial Statement of last 3 years along with Income Tax Return Acknowledgement.
2. Provisional Balance Sheet for the Current Year.
3. Copy of Pay Slip and Form No. 16.
4. Quotation of Car to be purchased.
5. Receipt of Advance Money Paid to Seller.
6. Statement showing repayment schedule.

Key Points that VCs look for in a New Start-up Business Plan?

1.       Who is behind the company?

·    Founders, Key Management, Board Members and Advisor Profiles

2.       What is the customer pain point your company is trying to address? How is it different from the other companies trying to address similar need?

·    Customer need and existing solutions  available to address the  need

·    Examples on how your company will address the customer need

·    Explanation on why your company's solution is better than the existing solution(s)

·    Any external environment/context that may influence customers towards your company's solution

3.       What is the target market size for your company?

·    Total market size and the share that your company is projected to capture

4.       What is the goal of the company?

·    A simple statement stating the purpose of the company

5.       What is the product or service of the company?

·    Functionality and Feature Roadmap

6.       How will your company make money?

·    Business model for the company

·    Financial Plan and Assumptions driving the financial plan (revenue drivers, channel economics, product pricing, etc)